Have an idea for a new application?
But should it be an App or a dApp?
What is a dApp? A dApp is an app for the blockchain. The “d” is an abbreviation for decentralized.
What does the blockchain have that makes it special? A blockchain is a database that has two special properties:
- There is not central authority for a blockchain. Obey the rules for the blockchain and anyone can add information to a blockchain. This is property is known as “permission less”.
- After information is stored in the blockchain, no one can add or change it. This property is known as “immutability”.
These two properties make a blockchain decentralized or open and not under anyone’s control. Because a blockchain is a database that anyone can use and cannot be changed, a blockchain always shows:
- who owns what
- what occurred in in the past.
If these two properties are important for your App, then select a dApp. What are some examples where permission less and immutability are important?
1. A dApp that uses non-fiat money such as a token. This would be a token that has been issued by something other than a country. One example is a token to be used as a reward card.
The blockchain makes counterfeiting impossible. For the issuer of the token, it makes the stored value of the token to be safe. For you, it is shows a correct view of what occurred in the past.
2. A dApp for the storage location for your personal identity. A dApp on the blockchain is the safest method to store, and to give limited access to, all your personal identity information.
With a dApp to store personal identity, no one can get this information unless you gave them permission. Your digital identity is be safely locked in the blockchain, and you give companies access to that information on your terms.
3. A dApp for the supply chain. A blockchain for the supply chain keeps the immutable and easy to find record of every event in a global supply chain. At this time, there are many commercial applications of blockchain technology used for the supply chain.
4. A dApp to make a token of a physical assets. A token of a physical asset is an immutable digital certificate that shows ownership. It lets you identify nearly everything you own.
Examples are the deed to a house, collectables such as artwork, and even farm animals. Because these ownership tokens cannot be duplicated or forged, they will have a great effect on the way we shop, use, and trade items in the future.
5. A dApp for a video a game player that shows the ownership for an avatar or skin. A large part of the sales by a video game company is for avatars and skins. A certified buyer that can resell or trade an avatar or skin will be more likely to buy the avatar or skin.
Good luck with your dApp!